The sparkling wine market in Bulgaria grew to 6.916 million Euros in 2023, reflecting a generally upward trend from 2013. Over the last decade, the market showcased fluctuations with a significant dip in 2014 and 2016 but substantial recovery afterward, particularly in 2017. The last two years saw modest growth with an average year-on-year increase around 3.75%. The CAGR over the previous five years rose steadily at 3.65%, signaling gradual market stabilization.
Future trends to watch for include:
- Emerging consumer preferences toward premium sparkling wines.
- Impact of international trade dynamics on import and export levels.
- Influence of tourism recovery post-pandemic on local wine consumption.
- Potential growth in e-commerce channels and digital marketing strategies.
How does Bulgaria rank in Sparkling Wine Market Size Value?
| # | 12 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 3,244,400,000 | 2023 | -0.5% | +0.38% | View data |
| 2 | 2 United Kingdom | 1,171,800,000 | 2023 | +1.2% | +1.98% | View data |
| 3 | 3 Spain | 511,850,000 | 2023 | +2.6% | +4.16% | View data |
| 4 | 4 Sweden | 266,850,000 | 2023 | +5.26% | +4.98% | View data |
| 5 | 5 Austria | 200,330,000 | 2023 | +5.38% | +2.69% | View data |
| 10 | 10 Greece | 42,099,000 | 2023 | +5.68% | +5.08% | View data |
| 11 | 11 Luxembourg | 31,163,000 | 2023 | +1.39% | +1.13% | View data |
| 12 | 12 Bulgaria | 6,916,000 | 2023 | +3.75% | +3.65% | |
